Aggregate Employment Dynamics and (Partial) Labour Market Reforms
AbstractEuropean labour markets have undergone several important innovations over the last three decades. Most countries have reformed their labour markets since the mid-1990s, with the liberalization of fixed-term contracts and temporary work agencies being the common elements to such reforms. This paper investigates the existence of a change in the dynamic behaviour of the aggregate employment for major European Union countries - France, Germany, Italy, and Spain. According to our results, partial labour market reforms have made the response of the aggregate employment to output shocks larger and quite comparable to that found for the UK - the most flexible labour market in Europe since the Thatcher reforms.
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Bibliographic InfoPaper provided by Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy in its series CSEF Working Papers with number 260.
Date of creation: 11 Oct 2010
Date of revision:
Publication status: published in Bulletin of Economic Research, DOI: 10.1111/j.1467-8586.2011.00396.x, available at http://onlinelibrary.wiley.com/doi/10.1111/j.1467-8586.2011.00396.x/abstract
labour market deregulation; dynamic responses;
Other versions of this item:
- Rebeca Jiménez-Rodríguez & Giuseppe Russo, 2012. "Aggregate Employment Dynamics And (Partial) Labour Market Reforms," Bulletin of Economic Research, Wiley Blackwell, vol. 64(3), pages 430-448, 07.
- C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models &bull Diffusion Processes
- J23 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Demand
This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-10-23 (All new papers)
- NEP-EEC-2010-10-23 (European Economics)
- NEP-EUR-2010-10-23 (Microeconomic European Issues)
- NEP-LAB-2010-10-23 (Labour Economics)
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